Weekly Review

JAY SWAMINARAYAN

We said   “   We expect Nifty will be traded with negative bias below 5120 and it would be decline towards 5030 – 4940. Other hand above 5120 Nifty will be traded with positive bias and it would betries to test 5210 – 5300.   “   We suggested    Strategy:   [1]Open short below 5120 with stop loss 5210 for targets 5080 – 5030 – 4990 - 4940.   [2]  Open long above 5120 with stop loss 5030 for targets 5170 – 5210 – 5260 - 5300.

Nifty opened positive and traded expected. In first half Nifty registered high of 5190on Monday than it declined sharp and registered low of 5048. Nifty took support near 5030 and once it succeeds to sustain above this level than it gave smartrally towards 5170 in second half. Nifty gained 7 points ( + 0.14 % ) and closed in green.

                                     For This Week

We expect same, Nifty will be traded with negative bias below 5120 and it would be decline towards 5030 – 4940. Other hand above 5120 Nifty will be traded with positive bias and it would betries to test 5210 – 5300.  Nifty have 1^st Sup. at 5120 – 5080& 2^nd Sup. at 5030 – 4990 and Nifty find 1^st Res. at 5170 – 5210& 2^nd Res. At 5260 – 5300.

Be cautious and trade carefully because of F & O expiry in this week. Hence we expect volatility to remain in the market.

Strategy:

[1]Open short below 5120 with stop loss 5210 for targets 5080 – 5030 – 4990 - 4940. 

                                                                                               

[2]  Open long above 5120 with stop loss 5030 for targets 5170 – 5210 – 5260 - 5300.

NIFTY :: OP = 5174 , HI = 5190.20 , LO = 5041.70 , CL = 5146.05.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5030 and it would be decline towards 4940 – 4850. Other hand above 5030 Nifty will be traded with positive bias and it would be tries to test 5120 – 5210.   “    We suggested    Strategy:    [1]  Open short below 5030 with stop loss 5120 for targets 4990 – 4940 – 4900 - 4850.   [2]  Open long above 5030 with stop loss 4940 for targets 5080 – 5120 – 5170 - 5210.

Nifty opened positive and traded expected. In first half Nifty turned back towards our buying level than it turned up and achieved our both upside targets. Nifty took support near 5030 and once it succeeds to sustain above this level it gave smart up move and registered high of 5146 in second half. Nifty gained 70 points ( + 1.39 % ) and closed in green.

                               For This Week

We expect Nifty will be traded with negative bias below 5120 and it would be decline towards 5030 – 4940. Other hand above 5120 Nifty will be traded with positive bias and it would be tries to test 5210 – 5300.  Nifty have 1^st Sup. at 5120 – 5080 & 2^nd Sup. at 5030 – 4990 and Nifty find 1^st Res. at 5170 – 5210 & 2^nd Res. At 5260 – 5300.

We expect volatility to remain in the market because of Greece Election on Sunday, RBI Credit Policy on Monday and USA Federal Bank meeting on Tuesday. So be cautious and trade carefully with strict stop loss for both side trades.

Strategy:

[1]  Open short below 5120 with stop loss 5210 for targets 5080 – 5030 – 4990 - 4940. 

           

[2]  Open long above 5120 with stop loss 5030 for targets 5170 – 5210 – 5260 - 5300.

NIFTY :: OP = 5096.70 , HI = 5146.20 , LO = 5015.15 , CL = 5139.05.

Once Again We Succeed

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 4850 and it would be decline towards 4760 – 4670. Other hand above 4850 Nifty will be traded with positive bias and it would be tries to test 4940 – 5030.   “    We suggested    Strategy:   [1]  Open short below 4850 with stop loss 4940 for targets 4810 – 4760 – 4720 - 4670.   [2]  Open long above 4850 with stop loss 4760 for targets 4900 – 4940 – 4990 - 5030.

Nifty opened with bear gape and traded expected. In first half Nifty achieved our 1^st down side target than it turned up towards our buying level and achieved our both upside targets. Nifty tried to sustain above 4850 in first half and once it succeeds to sustain above this level it gave smart up move and registered high of 5084 in second half. Nifty gained massive 226 points ( + 4.68 % ) and closed in green.

                                          We Succeed

Ø  We said in our 13-05-2012 weekly review when Nifty closed at 4928.90.

Ø  Between 4850 – 4760 Nifty should be find strong support, so if Nifty comes between this level than open long with stop loss 4670. Between 5030 – 5120 Nifty should be find strong resistance, so if Nifty comes between this level than open short with stop loss 5210.

                                           Our Success

      Nifty registered low of 4770 on 04-06-2012 than turned up sharply and registered high of 5084. Thus Nifty gained more than 310 points in just 5 trading session.

      Nifty registered low of 4803 on 23-5-2012 than turned up sharply and registered high of 4935 in just 3 trading session. Thus Nifty gained more than 130 points.

      Nifty registered low of 4789 on 18-5-2012 than turned up sharply and registered high of 4956. Thus Nifty gained more than 160 points in just 3 trading session.

o   Remember Nifty declined from 5300 and lost 400 points in 3 weeks when we warned you.

                              For This Week

We expect Nifty will be traded with negative bias below 5030 and it would be decline towards 4940 – 4850. Other hand above 5030 Nifty will be traded with positive bias and it would be tries to test 5120 – 5210.  Nifty have 1^st Sup. at 5030 – 4990 & 2^nd Sup. at 4940 – 4900 and Nifty find 1^st Res. at 5080 – 5120 & 2^nd Res. At 5170 – 5210.

Strategy:

[1]  Open short below 5030 with stop loss 5120 for targets 4990 – 4940 – 4900 - 4850. 

           

[2]  Open long above 5030 with stop loss 4940 for targets 5080 – 5120 – 5170 - 5210.

NIFTY :: OP = 4797.30 , HI = 5084.45 , LO = 4770.35 , CL = 5068.35.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 4940 and it would be decline towards 4850 – 4760. Other hand above 4940 Nifty will be traded with positive bias and it would be tries to test 5030 – 5120.   “   We suggested    Strategy:    [1]  Open short below 4940 with stop loss 5030 for targets 4850 – 4810 – 4760 - 4720.   [2]  Open long above 4940 with stop loss 4850 for targets 4990 – 5030 – 5080 - 5120.

Nifty opened flat and traded expected. Nifty achieved our 1^st upside target than it turned back towards our shorting level and achieved our 1^st down side target. Nifty tried to sustain above 4940 in 1^st half but once it breach this level it declined sharp below 4850 and registered low of 4832 in 2^nd half. Nifty lost 78 points ( - 1.60 % ) and closed in red.

                           For This Week

We expect Nifty will be traded with negative bias below 4850 and it would be decline towards 4760 – 4670. Other hand above 4850 Nifty will be traded with positive bias and it would be tries to test 4940 – 5030.  Nifty have 1^st Sup. at 4810 – 4760 & 2^nd Sup. at 4720 – 4670 and Nifty find 1^st Res. at 4850 – 4900 & 2^nd Res. At 4940 – 4990.

Strategy:

[1]  Open short below 4850 with stop loss 4940 for targets 4810 – 4760 – 4720 - 4670. 

           

[2]  Open long above 4850 with stop loss 4760 for targets 4900 – 4940 – 4990 - 5030.

NIFTY :: OP = 4931.70 , HI = 5020.15 , LO = 4831.75 , CL = 4841.60.